I have previously argued that Spain is the game-changer for Eurozone debt crisis. If Spain fails, it will be the Lehman of debt crises, because rules of engagement will be unknown, and panic will spread across the globe riding on a giant uno-correlation machine. This is why EU, ECB, and likley G-20 will do all … Continue reading
It’s here; a new era has begun. Wisconsin public-sector workers have lost their collective bargaining rights. The narrative of how unions are hollowing out America’s fiscal stability has won. Except, that the new era, if it lasts for long, is an unfortunate one. First, this is not a negotiation; the Wisconsin public-sector employees have simply … Continue reading
